Tag Archives: New Bedford Fishermen’s Pension Fund

New Bedford Fishermen’s Pension Fund can’t tread water – That’s just wrong.

sct logoEveryone knows by now that the federal government has clamped down on fishing for all the reasons I don’t need to get into here. So that has stopped almost all the groundfish boats from fishing. That, in turn, has nearly cut off the supply of funds being paid into the New Bedford Fishermen’s Pension Fund, which collects 2.2 percent off the top of the catch of every boat, before expenses. (it gets better). [email protected] 07:13